ENTRY INDIA - An India Business & Travel Guide

Exchange Rate and Travel Tips

Comparison of Dollar to Rupee Exchange Rates

The Indian Rupee is the official currency of India.

Non-Resident Indians (NRIs) remitted nearly $70 billion to India last year. But even so, most NRIs wonder if they are using the right service provider for sending money to India. Is it safe to use this service? How long will it take before the money reaches the destination? Am I getting competitive exchange rates? Should I wait for a few days to transfer money to India to get a better rate?

To answer these questions, we have prepared a table of financial institutions that send money to India as shown below. Exchange Rates vary by the transaction amount and the method of transfer. The rates and fee shown to send money to India are for online transfer of under $1000 from USA.

The amount was credited in my India account in less than 4 hours using Pangea Money Transfer. I was surprised with its fast service and the one time bonus of $30. For the similar fast remittance services you would anyways be paying more than or equal to $4.99. So, why won't try the Pangea?